WDC - Western Digital Corporation
| Previous Close | 60.05 |
| Open | 60.16 |
| Bid | 60.30 x 1100 |
| Ask | 60.99 x 800 |
| Day's Range | 59.11 - 61.09 |
| 52 Week Range | 53.61 - 106.96 |
| Volume | 7,632,365 |
| Avg. Volume | 4,033,675 |
| Market Cap | 17.691B |
| Beta | 0.39 |
| PE Ratio (TTM) | 27.60 |
| EPS (TTM) | 2.20 |
| Earnings Date | Oct 24, 2018 - Oct 29, 2018 |
| Forward Dividend & Yield | 2.00 (3.51%) |
| Ex-Dividend Date | 2018-09-27 |
| 1y Target Est | 100.59 |
- InvestorPlace•2 days ago
Micron Stock Stumbles on Earnings — But MU Remains a Patient Investor’s Play
Prior to its fiscal fourth-quarter 2018 earnings report, Micron (NASDAQ:MU) faced a make-or-break moment. Prior to yesterday’s earnings report, MU stock traded hands as high as $47.22. In the company’s previous earnings report (fiscal Q3 2018), it delivered a resounding beat across the board.
- TheStreet.com•2 days ago
Micron Slumps After Issuing Light Guidance: 7 Key Takeaways
On Thursday afternoon, Micron reported August quarter (fiscal fourth quarter) revenue of $8.44 billion and non-GAAP EPS of $3.53, topping consensus analyst estimates of $8.25 billion and $3.33. After initially trading higher post-earnings, Micron sold off in response to its guidance and closed down 7.1% in after-hours trading to $42.81. With the qualifier that analyst estimates will probably be lowered due to the guidance, Micron now trades for 3.8 times a pre-earnings fiscal 2019 (ends in Aug. 2019) EPS consensus of $11.17.
Markit•3 days agoSee what the IHS Markit Score report has to say about Western Digital Corp.
Western Digital Corp NASDAQ/NGS:WDC
- InvestorPlace•3 days ago
MU Stock Earnings: The Canary in the Coal Mine
The most eagerly anticipated earnings release of the month comes out September 20 after the market closes. Micron (NASDAQ:MU) will deliver its results for the quarter ending in August, and the whole technology marketplace could rise or fall on the earnings report from MU stock. Is MU Stock Cheap? At its current $45 price, Micron stock is super cheap.
- TechCrunch•4 days ago
Password bypass flaw in Western Digital My Cloud drives puts data at risk
A security researcher has published details of a vulnerability in a popular cloud storage drive after the company failed to issue security patches for over a year. Remco Vermeulen found a privilege escalation bug in Western Digital's My Cloud devices, which he said allows an attacker to bypass the admin password on the drive, gaining "complete control" over the user's data. The bug was "easy" to exploit, Vermeulen told TechCrunch in an email, and that it was remotely exploitable if a My Cloud device allows remote access over the internet — which thousands of devices are.
Market Realist•4 days agoMicron Shares Increase prior to Its Quarterly Results
Shares of semiconductor (SMH) company Micron Technology (MU) rose 4% on September 18. The stock is currently trading at $45.33, 33% above its 52-week low of $34.09 and 30% below its 52-week high of $64.66.
- TheStreet.com•4 days ago
Cramer on Why Western Digital Was Not an Investment
In the September Action Alerts PLUS members' call, Cramer why their Western Digital holding for the purpose of a trade -- not an investment. Watch now.
Reuters•4 days agoToshiba Memory chief shrugs off price concerns, sticks with IPO plans
The chief executive of Toshiba Memory Corp, the world's No. 2 producer of NAND flash memory chips, on Wednesday brushed aside concerns about falling memory chip prices and reaffirmed the company's plan to go public in two to three years. "Prices fluctuate in the short term to reflect the demand-supply balance," Toshiba Memory CEO Yasuo Naruke said at a news conference with joint venture partner, Western Digital Corp (WDC.O), to mark the opening of a new production line. Oversupply has weighed on NAND flash memory contract prices, resulting in an average drop of 15 to 20 percent in the April-June quarter, according to market research firm TrendForce.
Reuters•4 days agoToshiba Memory chief shrugs off price concerns, sticks with IPO plans
The chief executive of Toshiba Memory Corp, the world's No. 2 producer of NAND flash memory chips, on Wednesday brushed aside concerns about falling memory chip prices and reaffirmed the company's plan to go public in two to three years. "Prices fluctuate in the short term to reflect the demand-supply balance," Toshiba Memory CEO Yasuo Naruke said at a news conference with joint venture partner, Western Digital Corp (WDC.O), to mark the opening of a new production line. Oversupply has weighed on NAND flash memory contract prices, resulting in an average drop of 15 to 20 percent in the April-June quarter, according to market research firm TrendForce.
- Business Wire•4 days ago
Toshiba Memory and Western Digital Celebrate the Opening of Fab 6 and Memory R&D Center at Yokkaichi, Japan
Toshiba Memory Corporation and Western Digital Corporation today celebrated the opening of a new state-of-the-art semiconductor fabrication facility, Fab 6, and the Memory R&D Center, at Yokkaichi operations in Mie Prefecture, Japan.
- Business Wire•4 days ago
Toshiba Memory and Western Digital Celebrate the Opening of Fab 6 and Memory R&D Center in Yokkaichi, Japan
Toshiba Memory Corporation and Western Digital Corporation today celebrated the opening of a new state-of-the-art semiconductor fabrication facility, Fab 6, and the Memory R&D Center, at Yokkaichi operations in Mie Prefecture, Japan.
Market Realist•5 days agoHow Has Western Digital Improved Shareholder Value?
In fiscal Q4 2018, Western Digital (WDC) returned $586 million to shareholders in the form of buybacks and dividends. While WDC bought back shares worth $436 million, it paid $150 million in dividends to shareholders.
Market Realist•5 days agoNo ‘Sell’ Recommendations for Western Digital
Of the 31 analysts tracking Western Digital (WDC), 25 have recommended “buys,” and six have recommended “holds.” The stock doesn’t have any “sell” recommendations. Analysts’ 12-month average price target for WDC is $102.15, and their median estimate is $103. WDC is trading at a discount of ~80% to analysts’ median estimate. The low estimate for WDC stock is $55, and the high estimate is $145.
Market Realist•5 days agoCree Stock Fell 5% on September 17
In this series, we’ll look at the top technology stocks that fell on September 17 and compare them with analysts’ estimates. Cree (CREE), the maker of lighting-class LED (light-emitting diode) and semiconductor products, fell 5.2% on September 17. It seems that Cree has been impacted by the overall weakness in the semiconductor industry.
Market Realist•5 days agoAre Concerns about Western Digital Overblown?
Yes, Wall Street is concerned about declining memory chip prices, which have dragged down the share prices of several semiconductor stocks. But are these fears overblown? Has Western Digital stock over corrected?
- Zacks•6 days ago
Western Digital (WDC) Gains As Market Dips: What You Should Know
Western Digital (WDC) closed at $57.18 in the latest trading session, marking a +0.32% move from the prior day.
- Market Realist•6 days ago
RBC Also Lowers Rating for Western Digital
In this series, we have seen how several investment banks including Goldman Sachs (GS) and Evercore ISI are concerned that the declining demand in memory chips could impact semiconductor stocks this year.
Market Realist•6 days agoMicron and Memory Market Dynamics
Micron Technology (MU) operates in a market governed by an oligopoly, including itself, Samsung (SSNLF), Western Digital (WDC), and SK Hynix. These players are currently facing a market downturn after two years of an upturn.
- Market Realist•6 days ago
What’s Evercore’s Semiconductor Outlook?
In the previous part of this series, we looked at how Goldman Sachs’s (GS) concerns weighed on stocks last week. In early September 2018, investment firm Evercore ISI downgraded several semiconductor stocks. Evercore is one of the top research firms covering semiconductor stocks.
Market Realist•6 days agoHere’s What Micron’s Stock Valuation Tells Investors
Micron Stock: To Buy or Not to Buy? A company’s price ratio helps us compare its stock price with its fundamentals, including EPS, sales, and cash flow, to understand its true valuation. A company’s PE ratio tells us the amount investors are willing to pay per dollar of EPS.
- Market Realist•6 days ago
What Do Analysts Think about Micron?
Micron (MU) investors are reacting to memory market cyclicality. However, KLA-Tencor’s (KLAC) weaker guidance for the second half of 2018 at its recent Citi Global 2018 conference made some analysts bearish on Micron.
Markit•8 days agoSee what the IHS Markit Score report has to say about Western Digital Corp.
Western Digital Corp NASDAQ/NGS:WDC
Market Realist•9 days agoMicron’s Growth Strategy Focuses on Higher Return on Investment
Micron Technology (MU) is the third-largest memory chip maker in the world. Despite this, it recorded losses in the last memory downtrend in 2016 because it lagged behind Samsung (SSNLF) and SK Hynix in terms of cost competitiveness. Over the last two years, the company focused its R&D (research and development) efforts on the accelerated transition to smaller, more cost-effective nodes and high-value memory solutions.
- InvestorPlace•10 days ago
The Selloff of Western Digital Stock May Not Be Over
Western Digital stock has dropped 48% from its March highs. Western Digital has beaten consensus estimates on the top and bottom lines for nine straight quarters. Western Digital’s Q1 guidance implies that its revenue will be flat to down 2% year-over-year (though WDC has a history of guiding conservatively).
- Investopedia•11 days ago
Micron Plummets to Oversold Levels Amid Analyst Concerns
Micron Technology, Inc. ( MU) shares fell more than 6% on Wednesday morning after analysts expressed concerns about the memory market. RBC Capital lowered its price target from $83.00 to $70.00 on Tuesday while also cutting its price target for Western Digital Corporation ( WDC) due to similar concerns. Goldman Sachs followed suit with a downgrade of Micron shares from Buy to Neutral, citing falling memory chip prices in both the DRAM and NAND markets.
